XRX
$9.58
Xerox
$.10
1.05%

Earnings History

Earnings
Revenue
Reaction
Drift
In-line Guidance
FY 2012
1/25/2012
7:00:10 AM
$1.12 to $1.18
-9.9%
-10.3%
Guidance:
Consensus:
Xerox Guides In-line

Xerox Corp. said it expects first quarter earnings of $0.21 to $0.24 per share and 2012 earnings of $1.12 to $1.18 per share. The current consensus earnings estimate is $0.24 per share for the quarter ending March 31, 2012 and $1.16 per share for the year ending December 31, 2012.
Reaffirms
FY 2012
4/23/2012
7:00:04 AM
$1.12 to $1.18
earnings of $1.12
0.1%
-2.4%
Guidance:
Consensus:
Xerox Reaffirms

Xerox Corp. said it expects second quarter earnings of $0.25 to $0.28 per share and continues to expect 2012 earnings of $1.12 to $1.18 per share. The current consensus earnings estimate is $0.26 per share for the quarter ending June 30, 2012 and earnings of $1.12 per share for the year ending December 31, 2012.
Lowers Guidance In-line with Estimates
FY 2012
7/20/2012
6:58:02 AM
$1.07 to $1.12
earnings of $1.10
-6.8%
-3.3%
Guidance:
Consensus:
Xerox Lowers Guidance, but Remains In-line with Estimates

Xerox Corp. said it expects third quarter earnings of $0.24 to $0.26 per share and now expects 2012 earnings of $1.07 to $1.12 per share. The company's previous guidance was 2012 earnings of $1.12 to $1.18 per share. The current consensus earnings estimate is $0.27 per share for the quarter ending September 30, 2012 and earnings of $1.10 per share for the year ending December 31, 2012.
In-line Guidance
FY 2012
10/23/2012
6:59:01 AM
$1.07 to $1.09
-5.1%
-4.3%
Guidance:
Consensus:
Xerox Guides In-line

Xerox Corp. said it expects fourth quarter earnings of $0.33 to $0.35 per share. The current consensus earnings estimate is $0.34 per share for the quarter ending December 31, 2012.
In-line Guidance
FY 2013
11/13/2012
7:00:03 AM
$1.09 to $1.15
1.4%
1.1%
Guidance:
Consensus:
Xerox Sees 2013 Earnings In-line with Estimates

Xerox Corp. said it expects 2013 earnings of $1.09 to $1.15 per share. The current consensus earnings estimate is $1.14 per share for the year ending December 31, 2013.
Reaffirms
Q 12/2012
1/11/2013
8:00:17 AM
$0.28 to $0.30
$0.28
-0.4%
4.2%
Guidance:
Consensus:
Xerox Reaffirms

Xerox Corp. said it continues to expect fourth quarter earnings of $0.28 to $0.30 per share. The current consensus earnings estimate is $0.28 per share for the quarter ending December 31, 2012.
Reaffirms
FY 2013
1/24/2013
7:00:06 AM
$1.09 to $1.15
2.2%
3.9%
Guidance:
Consensus:
Xerox Reaffirms

Xerox Corp. said it expects first quarter earnings of $0.23 to $0.25 per share. The current consensus earnings estimate is $0.25 per share for the quarter ending March 31, 2013. The company also said it continues to expect 2013 earnings of $1.09 to $1.15 per share. The current consensus earnings estimate is $1.12 per share for the year ending December 31, 2013.
Q2 Below/FY In-line
FY 2013
4/23/2013
7:00:07 AM
$1.09 to $1.15
earnings of $1.11
-1.9%
-0.3%
Guidance:
Consensus:
Xerox Sees Second Quarter Below Estimates; Reaffirms for the Year

Xerox Corp. said it expects second quarter earnings of $0.23 to $0.25 per share and continues to expect 2013 earnings of $1.09 to $1.15 per share. The current consensus earnings estimate is $0.26 per share for the quarter ending June 30, 2013 and earnings of $1.11 per share for the year ending December 31, 2013.
Reaffirms
FY 2013
7/25/2013
7:00:06 AM
$1.09 to $1.15
earnings of $1.10
-0.3%
-0.3%
Guidance:
Consensus:
Xerox Reaffirms

Xerox Corp. said it expects third quarter earnings of $0.24 to $0.26 per share and continues to expect 2013 earnings of $1.09 to $1.15 per share. The current consensus earnings estimate is $0.25 per share for the quarter ending September 30, 2013 and earnings of $1.10 per share for the year ending December 31, 2013.
EPS Below Estimates
Q 12/2013
10/24/2013
6:54:01 AM
$0.28 to $0.30
$0.33
-10.4%
-5.1%
Guidance:
Consensus:
Xerox Guides Below Estimates

Xerox Corp. said it expects fourth quarter earnings of $0.28 to $0.30 per share. The current consensus earnings estimate is $0.33 per share for the quarter ending December 31, 2013.
Reaffirms
FY 2014
1/24/2014
7:00:17 AM
$1.10 to $1.16
-4.4%
-6.3%
Guidance:
Consensus:
Xerox Reaffirms

Xerox Corp. said it expects first quarter earnings of $0.23 to $0.25 per share and continues to expect 2014 earnings of $1.10 to $1.16 per share. The current consensus earnings estimate is $0.23 per share for the quarter ending March 31, 2014 and $1.13 per share for the year ending December 31, 2014.
Lowers Guidance In-line with Estimates
FY 2014
4/22/2014
7:01:10 AM
$1.07 to $1.13
$1.13
1.0%
8.3%
Guidance:
Consensus:
Xerox Lowers Guidance, but Remains In-line with Estimates

Xerox Corp. said it expects second quarter earnings of $0.25 to $0.27 per share and now expects 2014 earnings of $1.07 to $1.13 per share. The company's previous guidance was 2014 earnings of $1.10 to $1.16 per share. The current consensus earnings estimate is $0.28 per share for the quarter ending June 30, 2014 and $1.13 per share for the year ending December 31, 2014.
Narrows Guidance
FY 2014
7/25/2014
7:00:59 AM
$1.09 to $1.13
$1.10
2.4%
2.5%
Guidance:
Consensus:
Xerox Narrows Guidance

Xerox Corp. said it expects third quarter earnings of $0.25 to $0.27 per share and now expects 2014 earnings of $1.09 to $1.13 per share. The company's previous guidance was 2014 earnings of $1.07 to $1.13 per share. The current consensus earnings estimate is $0.26 per share for the quarter ending September 30, 2014 and $1.10 per share for the year ending December 31, 2014.
In-line Guidance
FY 2014
10/22/2014
7:01:33 AM
$1.11 to $1.13
-7.5%
-2.3%
Guidance:
Consensus:
Xerox Guides In-line

Xerox Corp. said it expects fourth quarter earnings of $0.30 to $0.32 per share. The current consensus earnings estimate is $0.32 per share for the quarter ending December 31, 2014.
Updates Guidance
FY 2015
12/18/2014
6:58:01 PM
$1.05 to $1.11
0.5%
0.8%
Guidance:
Consensus:
Xerox Updates Guidance

Xerox Corp. said, with the sale of its ITO business, it now expects fourth quarter earnings of $0.28 to $0.30 per share. The company's previous guidance was earnings of $0.30 to $0.32 per share and the current consensus earnings estimate is $0.31 per share for the quarter ending December 31, 2014. The company also said it expects 2015 earnings of $1.05 to $1.11 per share. The current consensus earnings estimate is $1.16 per share for the year ending December 31, 2015.
EPS Below Estimates
FY 2015
1/30/2015
7:00:28 AM
$1.00 to $1.06
-2.9%
1.4%
Guidance:
Consensus:
Xerox Lowers Guidance

Xerox Corp. said it expects first quarter earnings of $0.20 to $0.22 per share and now expects 2015 earnings of $1.00 to $1.06 per share. The company's previous guidance was 2015 earnings of $1.05 to $1.11 per share. The current consensus earnings estimate is $0.24 per share for the quarter ending March 31, 2015 and $1.09 per share for the year ending December 31, 2015.
EPS Below Estimates
FY 2015
4/24/2015
7:00:13 AM
$0.95 to $1.01
$1.03
-8.8%
-4.5%
Guidance:
Consensus:
Xerox Lowers Guidance

Xerox Corp. said it expects second quarter earnings of $0.21 to $0.23 per share and 2015 earnings of $0.95 to $1.01 per share. The company's previous guidance was 2015 earnings of $1.00 to $1.06 per share. The current consensus earnings estimate is $0.25 per share for the quarter ending June 30, 2015 and $1.03 per share for the year ending December 31, 2015.
Reaffirms
Q 06/2015
7/17/2015
7:49:00 AM
$0.21 to $0.23
$0.23
2.1%
3.7%
Guidance:
Consensus:
Xerox Reaffirms

Xerox Corp. said it continues to expect second quarter earnings of $0.21 to $0.23 per share, excluding an impairment charge of $0.08 per share. The current consensus earnings estimate is $0.23 per share for the quarter ending June 30, 2015.
Q3 Below/FY In-line
FY 2015
7/24/2015
7:00:05 AM
$0.95 to $0.98
$0.98
1.2%
3.2%
Guidance:
Consensus:
Xerox Sees Third Quarter Below Estimates

Xerox Corp. said it expects third quarter earnings of $0.22 to $0.24 per share and 2015 earnings to be at the lower-end of $0.95 to $1.01 per share. The current consensus earnings estimate is $0.25 per share for the quarter ending September 30, 2015 and $0.98 per share for the year ending December 31, 2015.
Reaffirms
Q 09/2015
10/13/2015
7:30:01 AM
$0.22 to $0.24
$0.23
-0.5%
-1.7%
Guidance:
Consensus:
Xerox Reaffirms

Xerox Corp. said it continues to expect third quarter earnings of $0.22 to $0.24 per share. The current consensus earnings estimate is $0.23 per share for the quarter ending September 30, 2015.
In-line Guidance
Q 12/2015
10/26/2015
6:45:02 AM
$0.28 to $0.30
$0.29
-3.0%
-7.1%
Guidance:
Consensus:
Xerox Guides In-line

Xerox Corp. said it expects fourth quarter earnings of $0.28 to $0.30 per share. The current consensus earnings estimate is $0.29 per share for the quarter ending December 31, 2015.
EPS Above Estimates
FY 2016
1/29/2016
6:45:12 AM
$1.10 to $1.20
5.6%
1.7%
Guidance:
Consensus:
Xerox Sees 2016 Earnings Above Estimates

Xerox Corp. said it expects first quarter earnings of $0.21 to $0.24 per share and 2016 earnings of $1.10 to $1.20 per share. The current consensus earnings estimate is $0.21 per share for the quarter ending March 31, 2016 and $1.00 per share for the year ending December 31, 2016.
Reaffirms
Q 06/2016
4/25/2016
6:45:00 AM
$0.24 to $0.26
$0.26
-13.3%
-9.3%
Guidance:
Consensus:
Xerox Reaffirms

Xerox Corp. said it expects second quarter earnings of $0.24 to $0.26 per share and continues to expect 2016 earnings of $1.10 to $1.20 per share. The current consensus earnings estimate is $0.26 per share for the quarter ending June 30, 2016 and $1.11 per share for the year ending December 31, 2016.
Reaffirms Above Estimates
FY 2016
7/29/2016
6:45:03 AM
$1.10 to $1.20
$1.08
3.9%
-2.0%
Guidance:
Consensus:
Xerox Reaffirms Above Estimates

Xerox Corp. said it expects third quarter earnings of $0.26 to $0.28 per share and continues to expect 2016 earnings of $1.10 to $1.20 per share. The current consensus earnings estimate is $0.28 per share for the quarter ending September 30, 2016 and $1.08 per share for the year ending December 31, 2016.
In-line Guidance
Q 12/2016
10/28/2016
6:45:03 AM
$0.32 to $0.35
$0.34
2.8%
-3.8%
Guidance:
Consensus:
Xerox Guides In-line

Xerox Corp. said it expects fourth quarter earnings of $0.32 to $0.35 per share. The current consensus earnings estimate is $0.34 per share for the quarter ending December 31, 2016.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
1/25/2012
7:00:10 AM
Dec '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$0.33
$6.0 Bil
-
$0.32
$6.1 Bil
3.1%
-1.7%
10.8%
-0.2%
0.0%
-10.3%
4/23/2012
7:00:04 AM
Mar '12
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
$0.23
$5.5 Bil
-
$0.22
$5.5 Bil
4.5%
1.0%
-4.5%
0.7%
1.3%
-2.4%
7/20/2012
6:58:02 AM
Jun '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.26
$5.5 Bil
-
$0.26
$5.6 Bil
-
-1.2%
-8.4%
-1.3%
-1.7%
-3.3%
10/23/2012
6:59:01 AM
Sep '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.25
$5.4 Bil
-
$0.25
$5.5 Bil
-
-1.6%
-11.0%
-2.9%
-4.3%
-4.3%
1/24/2013
7:00:06 AM
Dec '12
Q4 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
$0.30
$5.9 Bil
$0.30
$0.28
$5.9 Bil
-
0.7%
-16.5%
-0.7%
1.7%
3.9%
4/23/2013
7:00:07 AM
Mar '13
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$0.27
$5.4 Bil
-
$0.24
$5.5 Bil
12.5%
-2.6%
8.8%
-2.7%
0.0%
-0.3%
7/25/2013
7:00:06 AM
Jun '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.27
$5.4 Bil
-
$0.24
$5.5 Bil
12.5%
-2.0%
-4.2%
-2.5%
1.1%
-0.3%
10/24/2013
6:54:01 AM
Sep '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.26
$5.3 Bil
-
$0.25
$5.3 Bil
4.0%
-1.5%
2.1%
-3.0%
-2.4%
-5.1%
1/24/2014
7:00:17 AM
Dec '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.29
$5.6 Bil
-
$0.29
$5.6 Bil
-
-1.3%
-6.5%
-6.0%
-1.5%
-6.3%
4/22/2014
7:01:10 AM
Mar '14
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.27
$5.1 Bil
$0.24
$0.23
$5.2 Bil
12.5%
-0.8%
-4.6%
-4.4%
-2.5%
8.3%
7/25/2014
7:00:59 AM
Jun '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.27
$5.3 Bil
$0.28
$0.26
$5.3 Bil
-3.6%
-0.3%
-6.7%
-2.0%
-0.9%
2.5%
10/22/2014
7:01:33 AM
Sep '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.27
$5.1 Bil
$0.26
$0.26
$5.2 Bil
3.8%
-1.3%
-5.9%
-2.7%
0.4%
-2.3%
1/30/2015
7:00:28 AM
Dec '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.31
$5.0 Bil
$0.30
$0.28
$5.1 Bil
3.3%
-0.7%
-1.1%
-9.6%
-2.3%
1.4%
4/24/2015
7:00:13 AM
Mar '15
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.21
$4.5 Bil
$0.23
$0.21
$4.6 Bil
-8.7%
-2.0%
-27.8%
-12.7%
-8.2%
-4.5%
7/24/2015
7:00:05 AM
Jun '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.22
$4.6 Bil
$0.23
$0.23
$4.6 Bil
-4.3%
-1.1%
-23.6%
-13.3%
-1.2%
3.2%
10/26/2015
6:45:02 AM
Sep '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$0.24
$4.3 Bil
$0.23
$0.22
$4.5 Bil
4.3%
-4.6%
-19.4%
-15.4%
0.9%
-7.1%
1/29/2016
6:45:12 AM
Dec '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.32
$4.7 Bil
$0.30
$0.29
$4.7 Bil
6.7%
-1.6%
-6.7%
-7.6%
0.8%
1.7%
4/25/2016
6:45:00 AM
Mar '16
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.22
$4.3 Bil
$0.25
$0.23
$4.2 Bil
-12.0%
1.0%
-3.3%
-4.2%
-4.7%
-9.3%
7/29/2016
6:45:03 AM
Jun '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$0.30
$4.4 Bil
$0.26
$0.25
$4.4 Bil
15.4%
-0.1%
26.4%
-4.5%
2.9%
-2.0%
10/28/2016
6:45:03 AM
Sep '16
Q3 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.27
$4.2 Bil
-
$0.27
$4.3 Bil
-
-2.3%
10.9%
-2.8%
-0.4%
-3.8%
EPS
Rev
-
-
-
$0.33
$4.5 Bil
-
-
3.1%
-3.3%
EPS
Rev
-
-
-
$0.25
$4.2 Bil
-
-
13.6%
-1.9%
1/26/2011
$10.53
$0.94
$21.63 Bil
-
-
-
1/25/2012
$7.81
$1.08
$22.63 Bil
14.9%
4.6%
-25.8%
1/24/2013
$7.75
$1.03
$22.39 Bil
-4.6%
-1.0%
-0.8%
1/24/2014
$11.24
$1.09
$21.44 Bil
5.8%
-4.3%
45.0%
1/30/2015
$13.17
$1.07
$19.54 Bil
-1.8%
-8.8%
17.2%
1/29/2016
$9.75
$0.98
$18.05 Bil
-8.4%
-7.7%
-26.0%
1/29/2017
$9.58
$1.12
$17.40 Bil
14.3%
-3.6%
-1.7%
1/29/2018
$10.39
$1.15
$17.01 Bil
2.7%
-2.2%
8.4%
1/29/2019
-
$1.20
-
4.3%
-
-

Price Projection

Current Value
$10
4%
Projected Price
$10
8%